Amarsanaa is a forty-nine-year-old married man who has two sons and lives with his family in the outer ger district of Ulaanbaatar city, Mongolia. The area lacks basic infrastructure. His two sons are very independent, the elder one is student at local university, and other one works in Korea with a labor contract.
Amarsanaa has been operating a public transportation service business since 2000 with special help from his spouse Gantsetseg. When they first began their business they bought a minivan which was produced in 1995. After nine years, in 2009, he changed the old van for a new one which was produced in 2001.
Mostly his customers really like to use very nicely colored, clean and safe minivan. So he is requesting a 2.000.000 Mongolian Tugriks (MNT) loan to restore his minivan’s color and purchase some necessary tools in order to attract more customers as well.
Transcapital is one of the leading non-bank financial institutions (NBFI) in Mongolia. Through 12 branches, it serves mainly urban and semi-urban microfinance clients, including a growing number of migrants in the capital city of Ulaanbaatar. Of its clients, almost 68% are women and 60% live in ger districts, settlements made up of houses and traditional Mongolian felt tents that lack basic infrastructure.